$ICP broke out of its descending triangle with a 14% jump, but why is it down 9.47% over the past 24 hours?
Whales noticed the breakout, but they’re not adding positions at current prices. There’s no follow-through buying to hold those early gains, and the greed index sits at 57, meaning most traders are already FOMO’d in. It’s also missing from the top trending list, with attention split between STRK, SOL and other hot tokens right now.
Your only play here is to watch the invalidation level at $3. If $ICP drops below that breakout point, this is a confirmed fakeout and you exit immediately. Chasing this right now is just paying the FOMO tax, plain and simple. There’s no edge until it holds above $3 with solid volume.
#Write2Earn #BinanceSquare #ICP TechnicalAnalysis #TradingTournament
Whales noticed the breakout, but they’re not adding positions at current prices. There’s no follow-through buying to hold those early gains, and the greed index sits at 57, meaning most traders are already FOMO’d in. It’s also missing from the top trending list, with attention split between STRK, SOL and other hot tokens right now.
Your only play here is to watch the invalidation level at $3. If $ICP drops below that breakout point, this is a confirmed fakeout and you exit immediately. Chasing this right now is just paying the FOMO tax, plain and simple. There’s no edge until it holds above $3 with solid volume.
#Write2Earn #BinanceSquare #ICP TechnicalAnalysis #TradingTournament